BQ Big Decisions: How To Choose The Right Equity Mutual Fund Scheme
There are 10 types of equity mutual fund schemes. How do you choose what’s right for you?
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
When it comes to your finances, there are some thumb rules you can follow to help you put things in order. It’s usually a good idea to start with a list of your financial goals, or the reasons for which you need money. Once you’ve done this and figured out how much you need for each of these goals, and when you need it, you can turn to which investments you need to make.
Equity investments are generally considered ideal for long-term goals. If you’re not confident of choosing the right companies to invest in, or don’t want to take the trouble to constantly assess these companies, you can look at mutual fund schemes.
But there are 10 types of equity mutual fund schemes to choose from, and multiple options within each of these types. On this BQ Big Decisions podcast, BloombergQuint speaks to Gautam Kalia, head investment solutions at Sharekhan, about the characteristics of each type of equity mutual fund scheme and his recommendations.